I am about to be made bankrupt but I also own a quarter of my elderly mother's home (she still lives there). Will we be forced to sell her home to retrieve the quarter that is owned by me? We live in UK.
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I'm not sure about the UK, but based on common law, you most likely have a contingency interest in the house based on the life interest of your mother. As long as your mother is alive you have no vested interest. So, they cannot take the house or interfere with your mother's life interest. Should she die, however, your potion of the value of the house can be attached. -
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